CB&I inks joint development agreement with Saudi Aramco

CB&I inks joint development agreement with Saudi Aramco

5:10 AM, 19th January 2018
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THE WOODLANDS, US: Chicago Bridge & Iron Company (CBI) has entered into a joint development agreement with Saudi Aramco that includes Chevron Lummus Global (CLG), CB&I's joint venture with Chevron USA Inc, for the development, commercialization and marketing of innovative crude-to-chemical technologies.

Together, Saudi Aramco, CB&I and CLG will develop a unique integration of advanced technology processes for the production of high-value petrochemicals from crude oil. Specifically, CB&I's ethylene cracker technology and CLG's hydroprocessing technologies combined with Saudi Aramco's proprietary thermal crude to chemicals (TC2C) technology will provide the platform for this joint development.

"It is an honour to partner with Saudi Aramco to develop the most competitive processing solution for crude to chemicals. There is a lot of attention in the market to more efficiently produce higher-value petrochemical products such as ethylene, propylene, butadiene and aromatics directly from crude oil. CB&I and CLG's breadth of technologies and catalysts are unmatched in the industry spanning essentially all relevant refinery and petrochemical processes, which provide a strong foundation for this joint development," said Daniel McCarthy, CB&I's executive vice president of technology.

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